According to Wu Blockchain, CryptoQuant's analysis shows that BTC spot trading volume has nearly halved. Binance's BTC trading volume in January 2026 was $104 billion, compared to nearly $200 billion in October last year. Currently, BTC trading volume has shrunk to one of the lowest levels since 2024, reflecting weak demand. The main reason is the '1011' event, which caused massive liquidity destruction. On that day alone, open interest decreased by over 70,000 BTC, with losses exceeding $8 billion. https://www.(wublock123.com)/index.php?m=content&c=index&a=show&catid=6&id=56102